Common use of Limit of Authority of Arbitration Panel Clause in Contracts

Limit of Authority of Arbitration Panel. The arbitration panel does not have the authority to award punitive, multiplied, or exemplary damages, other similar damages or any extra contractual damages of any nature or 17 description whatsoever except to the extent claimed as Subject Loss under this Agreement, and each of the Company and the Reinsurer expressly waives all rights to punitive, multiplied, or exemplary damages, other similar damages or any extra contractual damages of any nature or description whatsoever except to the extent claimed as a Subject Loss under this Agreement.

Limit of Authority of Arbitration Panel. The arbitration panel does not have the authority power to award punitive, multiplied, or exemplary damages, other similar damages or any extra contractual damages of any nature or 17 description whatsoever except to the extent claimed as Subject Loss under this Agreement, and each of the Company and the Reinsurer expressly waives all rights to punitive, multiplied, or exemplary damages, other similar damages or any extra contractual damages of any nature or description whatsoever except to the extent claimed as a Subject Loss under this Agreement.

Limit of Authority of Arbitration Panel. The arbitration panel does not have the authority to award punitive, multiplied, or exemplary damages, other similar damages or any extra contractual damages of any nature or 17 description whatsoever except to the extent claimed as Subject Loss under this Agreement, and each of the Company and the Reinsurer expressly waives all rights to punitive, multiplied, or exemplary damages, other similar damages or any extra contractual damages of any nature or description whatsoever except to the extent claimed as a Subject Loss under this Agreement.the

Limit of Authority of Arbitration Panel. The arbitration panel does not have the authority to award punitive, multiplied, or exemplary damages, other similar damages or any extra contractual damages of any nature or 17 description whatsoever except to the extent claimed as Subject Loss under this Agreement, and each of the Company and the Reinsurer expressly waives all rights to punitive, multiplied, or exemplary damages, other similar damages or any extra contractual damages of any nature or description whatsoever except to the extent claimed as a Subject Loss under this Agreement.